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Satyendra Pathak
Doha
Al Asmakh Real Estate, a leading Qatari luxury lifestyle hospitality company, inaugurated the first-of-its-kind Hollywood-inspired residential tower ‘Paramount Residences’ at The Pearl-Qatar in Doha on Monday.
Situated at the Porto Arabia, Paramount Residences redefines opulence on Qatar’s iconic island with its Hollywood-inspired designs and living experiences.
“Paramount Residences is a sublime address for those looking for super-star, California-style living,” Regency Group Holding President Ibrahim al Asmakh said at the inaugural function.
“With the dynamic and sensory signature elements of Paramount Hotels & Resorts throughout, these residences, inspired by the golden age of Hollywood glamour, deliver distinctive, experiential hospitality that takes Qatar’s luxury portfolio to star-struck heights. There could be no better place than The Pearl-Qatar for us to develop the ultimate escapist residence created by the definers of Golden Age Hollywood Paramount Pictures,” he said.
Just Real Estate in collaboration with Al Asmakh Real Estate will overlook the marketing and selling of the Paramount Residences’ luxury units.
Paramount Residences consist of 196 units, comprised of one, two and three bedrooms including four elite duplex units. Properties are freehold and open to all for ownership.
All units have signature elements of Paramount Hotel & Resorts featured throughout, including a California-inspired environment from the bold yet subtly designed lobby to luxurious residences artistically designed down to the ultimate details of back painted glass decor, opulently retro faucets, and handcrafted, exquisitely finished wardrobe interiors.
The sleek, minimal finish in the kitchens is designed to be seamless and stylish when it’s the backdrop to an intimate soiree – yet effortlessly functional and practical when the creative chef in you wants to do some serious cooking.
As part of their investment, buyers of units at Paramount Residences will be able to enjoy extraordinary views of the island’s beautiful waterfront, experience eclectic food and beverage offerings and will be able to participate in a selection of exclusive entertainment.
“Paramount Residences is a jewel set immaculately in the crown of The Pearl-Qatar offering investors a connection to the perfect creative partnership of Qatar’s most dazzling and sought-after location and fabulously-designed interiors that characterise the Paramount brand. Drawing on Paramount Pictures’ history, Paramount Residences effortlessly embody the authentic Californian lifestyle and inspirational world of Hollywood glamour. This spectacular development redefines the meaning of residential luxury in Qatar. It is a major release, shaped by a team of uniquely creative minds,” Regency Group Holding Projects Management Executive Vice President Mohammed Alemadi said.
With residents’ private movie-screening room, pool with cabanas, state-of-the-art wellness & fitness center and kids’ studio club, Paramount Residences have created an exclusive lifestyle once synonymous only with the rich and famous.
Talking to Qatar Tribune on the sidelines of inaugural function, Al Asmakh Marketing and Communications Director Michael Kfoury said that a number of high-end investors have show keen interest in buying units at Paramount Residences.
“We have just started the marketing and the response from both local and international investors is very positive. It will take another three, four months when all the units will be completely ready for the owners to move in,” he said.
“As the first Paramount-branded real estate development in Qatar, Paramount Residences will only help to elevate the country’s reputation as an international destination for luxury property buyers. We have released a fully finished showcase apartment, offering potential buyers the rare opportunity to view and marvel at the unique wonder of the Paramount Residences in all its luxurious splendour,” Kfoury said.
The average price for units will start from 18,000 per square metre, Kfoury said adding the one BHK will be available from a price above QR 2 million.
Kfoury also unveiled that talks with some Qatari banks are going on to provide tailored mortgage loans to investors.
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16/10/2019
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